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differences in buying and leasing

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Delpha D

 

Date added:

February 4, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 351

 

Was viewed:

1661 times

 

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Essay content:

Although if leasing, the payment terms are incredibly shorter. Vehicle depreciation also varies with a purchase or a lease. If someone is buying, the tax deduction will equal the full depreciation of assets per the I.R.S. schedule. If leasing it is optional to buy out the lease at the end of the term, rather than go by the I...
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schedule. With buying, the finance period can extend beyond the warranty period, unless warranty options are added. In contrast, with leasing, the warranty will last for the full term of the finance period no matter what. The valuable differences in the two make the decision a lot easier. Like stated earlier the main difference is with buying, money is paid to "own" the vehicle with leasing money is paid to "use" the vehicle...
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